S&P Global revenue and financials
$396.13Change from previous close: +1.33%Absolute change: +$5.21
In the fiscal year ended December 2025, S&P Global reported revenue of $15.34B (+7.94% year over year). Net income was $4.47B, a net margin of 29.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +7.94%
- 2025 vs 2024
- Net income growth
- +16.07%
- 2025 vs 2024
- Net margin
- 29.2%
- 2024: 27.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,439 | 1,037 | 1,748 | 1,505 | 1,445 | 953 | 1,740 | 1,445 | 1,556 | 948 | 1,334 | 1,013 |
| Depreciation and amortization | 308 | 307 | 297 | 294 | 295 | 293 | 300 | 294 | 292 | 287 | 290 | 282 |
| Capital expenditure | -38.0 | -27.0 | -46.0 | -45.0 | -61.0 | -43.0 | -33.0 | -35.0 | -32.0 | -24.0 | -48.0 | -36.0 |
| Investing cash flow | -39.0 | 291 | -472 | -101 | -52.0 | -79.0 | 7.0 | 57.0 | -299 | -20.0 | -45.0 | -49.0 |
| Financing cash flow | 945 | -1,237 | -1,202 | -1,566 | -1,059 | -1,103 | -1,718 | -1,875 | -748 | -657 | -1,678 | -855 |
| Dividends paid | -287 | -288 | -290 | -291 | -294 | -295 | -280 | -282 | -286 | -286 | -283 | -286 |
| Share repurchases | -557 | -1,091 | -2,531 | -1,207 | -691 | -710 | -1,364 | -1,510 | -1.0 | -548 | -1,325 | -502 |
| Debt issued | 1,860 | 236 | 1,708 | — | 0.0 | 0.0 | — | — | -250 | 250 | — | 192 |
| Debt repaid | 0.0 | -3.0 | 0.0 | 0.0 | 0.0 | -4.0 | — | — | -47.0 | — | — | -188 |
| Effect of exchange rates | -14.0 | -26.0 | -1.0 | -13.0 | 44.0 | 32.0 | -60.0 | 31.0 | -14.0 | -18.0 | 34.0 | -25.0 |
| Net change in cash | 2,331 | 65.0 | 73.0 | -175 | 378 | -197 | -31.0 | -342 | 495 | 253 | -355 | 84.0 |
| Free cash flow | 1,401 | 1,010 | 1,702 | 1,460 | 1,384 | 910 | 1,707 | 1,410 | 1,524 | 924 | 1,286 | 977 |
| Levered free cash flow | 1,225 | 1,118 | 1,821 | 1,145 | 1,088 | 697 | 1,790 | 1,216 | 1,340 | 603 | 1,145 | 899 |